From : Blog Entry >> Scott’s Blog EntryLaw firms increased their technology spend by 7.1% during the 12-month period through November 2021, according to Thomson Reuters’ State of the Market Report 2022. The uptick comes despite overall expense cuts. Thomson Reuters also reports that the pandemic has demonstrated the importance of sound financial practices, encouraging many firms to more rigorously
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Webinar Tomorrow: Making Smarter Legal Tech Decisions in 2022
With thousands of legal tech products on the market competing for the attention and dollars of legal professionals, how can consumers make smarter buying decisions?
That is the focus of a webinar I will moderate tomorrow, Making Smarter Legal Tech Decisions in 2022, that will feature both legal tech vendors and consumers, together with the CEO of one of
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IAALS Panel Stresses Need for Funding, ‘Mavericks’ in Legal Education Innovation
On December 7, 2021, IAALS co-hosted the fourth session of the Redesigning Legal Speaker Series, bringing together an audience of more than 100 people to explore the opportunities being created by regulatory innovation for legal education. “Redesigning Legal: The Role of Legal Education, Clinics, and Legal Labs” featured a panel including:
- Stacy Butler, director of the Innovation for Justice
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12 Personal Productivity Tips for Your Year-End Push
Tom Mighell and I wrote a 3-part article on personal productivy tips based on a podcast episode we did last fall. It’s been published on the American Bar Association’s “Law Technology Today.”
The end of the year can seem like the “Time of the Overwhelm.”
It’s called “12 Personal Productivity Tips for Your Year-End Push” and
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Mental Models for lawyers
Lawyers can use mental models to simplify complex tasks, make better decisions, and see opportunities that others might miss.
What are mental models?
According to this helpful article on the Farnam Street website..
“Mental models are how we understand the world. Not only do they shape what we think and how we understand but they shape the connections and opportunities
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Legal Research Service vLex Partners with Leading Publishers to Launch Global News Product
The international legal research service vLex said today it has partnered with some of the world’s leading news publishers to launch a new Global News product on its platform.
“Global News is a significant expansion of vLex’s expert legal commentary and news content, making it a vital tool for any lawyer, law librarian, investigative researcher, or academic wishing to stay
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In 14th Acquisition Since 2019, Litera Says It Will Purchase Legal Software Company Prosperoware
Marking its 14th acquisition since 2019 and its eighth in just the last 12 months, legal technology company Litera has entered into an agreement to acquire Prosperoware, a company that develops software for the legal industry for the adoption and governance of collaboration systems.
Haley Altman, global head of corporate development at Litera, told me that the company
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Ironclad Raises $150M At $3.2B Valuation
It was barely more than a year ago that Ironclad raised a $100 million Series D round at a valuation of nearly $1 billion, and now the San Francisco-based company has raised a $150 million Series E at a $3.2 billion valuation.
That brings total investment in the company, whose product is a digital contracting platform for corporate legal departments,
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Reflections on History: Celebrating MLK and The Ongoing Need To Remember Diversity, Equity, & Inclusion
Legal Research Company Casetext Raises $25M In Undisclosed Funding Round
The legal research company Casetext has raised $25 million in a Series C funding round, bringing its total amount raised to $64.3 million since its founding in 2013.
Although the company has not publicly announced the funding, it filed a notification with the Securities and Exchange Commission on Jan. 7, 2022, documenting the raise of $25 million in equity financing.
Continue Reading Legal Research Company Casetext Raises $25M In Undisclosed Funding Round
The ‘5 Whys’ is a Powerful Problem Solving Tool
Getting to the root cause of problems is vital for knowledge workers (e.g. lawyers).
Unfortunately, often our minds skim the surface more easily than to delve into deeper levels.
The Five Whys is a tool for thinking more deeply (a useful mental model as billionaire-lawyer Charlie Munger would observe)
Most lawyers have not heard of this concept but it’s covered
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Time to Vote: You Get to Pick the Startup Alley Finalists for ABA TECHSHOW 2022
We need your vote! Here is your chance to help pick the legal technology startups that will be selected for the sixth-annual Startup Alley at ABA TECHSHOW 2022. Fifteen companies will be selected to face off in a live pitch competition that will be the opening event of this year’s TECHSHOW, as well as to exhibit in a special
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SKILLS 2022 – Recap
Last Thursday, a group of some 400 legal knowledge management professionals came together for the Strategic Knowledge & Innovation Legal Leaders Summit (SKILLS) conference. Oz Benamram asked me to pull together a 20 minute recap of all of the presentations that day, and share it with the 3 Geeks’ readers. So, here’s about a 20 minute recap of the
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Looking Forward and Backward at Legal Technology – 2021 and 2022
Tom Mighell and I, with help from Debbie Foster, continued our annual tradition of looking backward and forward at #legaltech at the end/beginning of each year on our podcast. Of course, we do that in our own way.
Here are the two episodes of The Kennedy-Mighell Report podcast:
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Thomson Reuters’ Report May Signal Sea Change In Legal Profession
A former law partner of mine was fond of saying “a lawyer spends half of his or her life worrying about not having enough to do and the other half worrying about having too much.” If the recent Thomson Reuters-Georgetown 2022 Report on the State of the Legal Market Report is any indication the profession is certain in the
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Dewey B Strategic Top Posts 2021
Better late than never. Here is my retrospective of top 2021 Dewey B Strategic posts. The top stories reflect a wide swath of issues including rebranding, mergers, innovation, service disruptions, product realignments, launches, workflow and analytics. In looking at the list I am shocked to see that there is no reference at all to COVID-19. How quickly the most disruptive
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